H60

George-Marios Angeletos · Chen Lian · Christian K. Wolf

The paper asks whether a government can run a deficit today — issuing “stimulus checks” — and allow debt to return to its initial level without any future tax hike or spending cut. In …

Andrew B. Abel · Stavros Panageas

Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality Research Question The paper addresses two questions about government debt rollover. First, a positive …